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Under the new rate, the contribution is shared between employers and employees, with employers contributing 10% and employees contributing 5%. Self-employed, voluntary, and non-working spouse members are responsible for the full 15% contribution.
Please be informed that there are adjustment to the social contributions rate in Taiwan, with effective from 1st January 2025.
From the bustling metropolis of Manila to emerging cities across the archipelago, the Philippines offers a broad spectrum of skilled professionals driving its economic growth.
With the approval of the Party Central Committee and the State Council, according to the “National Holidays and Memorial Day Holiday Arrangement” revised in November 2024, starting from January 1, 2025, the public holidays for all citizens will be increased by 2 days, with an additional day added to both the Spring Festival and Labor Day.
Navigating UK recruitment laws is not merely a legal obligation for recruiters and employers; it is fundamental to ethical and responsible hiring practices.
Exciting updates are on the way for Singapore’s Central Provident Fund (CPF) starting January 1, 2025!
As Singapore positions itself as a global hub for talent, the government’s recent changes to Employment Pass (EP) salary criteria and enforcement of fair hiring practices reflect a strategic shift in how companies attract and retain talent.
The Social Security Organisation (Perkeso) will enforce a new salary ceiling for contribution purposes, raising it from RM5,000 to RM6,000, effective October 1, 2024. This enforcement follows amendments to the Workers’ Social Security Act 1969 (Act 4) and the Employment Insurance System Act 2017 (Act 800). The increase in the salary ceiling will provide enhanced […]
Starting in July 2024, Shanghai and Beijing introduced new upper and lower limits on salary bases for social contributions and housing funds, which directly impact both employer and employee contributions.
In a rapidly changing global economy, Malaysia’s consistently low unemployment rate stands as a beacon of resilience and opportunity. But beyond the numbers, what does this mean for the everyday Malaysian?